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Hi guys just watch the movie called 'big short' It is based on housing crisis happened in 2008 The 2008 housing crisis was a significant event that led to the worst global financial crisis since the Great Depression. It was primarily triggered by the bursting of the United States housing bubble, fueled by excessive risk-taking by banks, subprime mortgage lending, and the securitization of these mortgages into complex financial instruments. When home prices began to decline in 2006, it exposed the fragility of the financial system, leading to a chain reaction of foreclosures, bank failures, and a credit crunch. The crisis had far-reaching impacts, including a deep recession, millions of job losses, and widespread foreclosures, affecting economies worldwide But got bit confused by the term like CDO's ,prime loans and all finance stuff Can any finance guys can help me with it
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Prosus invests $100M in Vastu Housing Finance Corpย Ltd. Prosus Makes Strategic Investment in Housing finance firmย Vastu Vastu Housing Finance Corp Ltd. is achieving great heights in the Indian housing finance industry. Prosus is a global investment p
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โHow DHFL Founder steal investors moneyโ Big Fat Corporate Scandal #4 DHFLโs Promoters Scam Dewan Housing Finance Corp LTD was one of Indiaโs largest housing finance companies engaged in providing loans for housing and real estate projects.DHFL had
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๐ India Launches First Residential Mortgage-Backed Securities (RMBS) India has introduced its first listing of residential mortgage-backed securities (RMBS) through a bidding process. The National Housing Bank (NHB) aims to raise between โน100 bill
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Mukesh Ambani- Indiaโs richest man, made a 2000% profit on an investment made during the 2008 global crisis ๐ He bought Asian Paints shares worth โน500 crore in 2008, which have now grown to a massive โน10,000 crore โ excluding any gains from dividen
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